Hillsborough Lease Extension - Your Legal Fees Calculator
Recently asked questions relating to Hillsborough Lease Extensions
My OH agreed with the freeholder for a lease extension on our flat in Hillsborough, 10.5k for a further 90yrs. How long is the process ?
I inherited a maisonette in Hillsborough that I am finding difficult to sell due to the lease requiring a lease extension. Are you willing to help me with this situation ?
My wife has an apartment based in Hillsborough which we have just put on the market. The leasehold has nearon sixety one years unexpired on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we get started on a lease extension? Many thanks.
I am interested in getting a lease extension for a flat in Hillsborough and want to use a local property lawyers. Is there a property lawyers that you can recommend?
I am going to purchase a flat located in Hillsborough. The offer is subject to the lease extension. The current owner’s property lawyers has served the Section 42 Notice. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Virgin Money. Moreover, which are the following lease extension steps to complete the purchase?
I am looking to either purchase the freehold or a lease extension of my property in Hillsborough and have been in touch with the freeholder, have had quote for around £3k to extend the lease. I plan to simultaneously remortgage with Alliance & Leicester to free up equity. The adviser handling the remortgage suggested I get two estimates : one to extend the lease and one for outright purchase .The lease started in 1991 and since then the ground rent has increased from £15.00 per year to £300 per annum.
I am about to view a one bedroom maisonette, although not exactly my ideal property it has enough positives to suit me very well for my present situation. However after downloading a copy of the title I've learnt that it only has fivety eight years residual lease term on the lease. It is also a repo so I'm guessing that the bank will not be interested in extending the lease. My main concern is would it be difficult to sell on without a lease extension?
I am planning to get a lease extension and am wondering which step I have to do first, I have been previously advised that I have to have the finances in place before I set the ball rolling, is this correct?
If a leaseholder owns a flat with a lease of less than 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
I was hoping you might be able to tell me the process of how to apply for a lease extension for my two bedroom second floor purpose built maisonette in Hillsborough